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388 points pseudolus | 1 comments | | HN request time: 0.354s | source
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hgs3 ◴[] No.43495502[source]
The vast majority of jobs that sustain our standard of living are blue-collar: farmers who grow our food, textile workers who make our clothes, construction workers who build our homes, plumbers, electricians, waste disposal workers, etc. I'd say it's white-collar work that became overinflated this past century, largely as a reaction to the automation and outsourcing of many traditional blue-collar roles.

Now, with white-collar jobs themselves increasingly at risk, it's unclear where people will turn. The economic pie continues to shrink, and I don't see that trend reversing.

It appears to me that our socio-economic model simply doesn't scale with technology. We need to have a constructive conversation about how to adapt.

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rthomas6 ◴[] No.43495639[source]
The way I see it you only have two real choices:

1. Raise wages to match global increased productivity

2. Democratize ownership

That's it.

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1. mhuffman ◴[] No.43495996[source]
>The way I see it you only have two real choices:

Unfortunately, due to the way politics and money work in the US, we have zero real choices...

>1. Raise wages to match global increased productivity

This is blocked by our two-party political system. Openly by Republicans (at the moment) and practically by Democrats. Both of our political parties seem to serve the people that actually pay them (ie. rich business owner donors) vs. people that vote for them. At least if it comes down to a problem between the two. This is shown in sharp relief in the famous chart by Martin Gilens showing which laws get passed in the US based on interest group.

>2. Democratize ownership

This is blocked by actual owners. Money equals ownership in the US. So, perhaps we can use our dollars and spend a certain way, one might think. Just BlackRock, Vanguard, Fidelity, and State Street combined have more assets under management than the entire United States GDP, and they are just 4 companies. Good luck!

>That's it.

That is probably not it, but if it is we are fucked!